Semiretired2008
Recycles dryer sheets
Just got my W2 today and it is being taxed under SS and Medicare wages.
I was a part time employee - 20hrs a week for a few months last year for one particular company. I was only offered partial benefits as a part timer. Being retired military I took no medical coverage (it was to expensive for part timers - almost as much as me taking an individual policy). They also did offer dental and vision. I took the dental - needed some bridge work.
These were optional categories under the W2 reporting requirements. Some how or another they believe that these were worth over $1,500 a month in reporting for the amount in Box 12. I did the calculations and I did pay SS and Medicare on this extra amount. I checked previous years W2's and this was not counted as SS or Medicare Income, but now it is...
If this was new this year then there was no 2% break on SS deductions and SS / Medicare deductions have been pushed down to the lower income individuals even more now...
I was a part time employee - 20hrs a week for a few months last year for one particular company. I was only offered partial benefits as a part timer. Being retired military I took no medical coverage (it was to expensive for part timers - almost as much as me taking an individual policy). They also did offer dental and vision. I took the dental - needed some bridge work.
These were optional categories under the W2 reporting requirements. Some how or another they believe that these were worth over $1,500 a month in reporting for the amount in Box 12. I did the calculations and I did pay SS and Medicare on this extra amount. I checked previous years W2's and this was not counted as SS or Medicare Income, but now it is...
If this was new this year then there was no 2% break on SS deductions and SS / Medicare deductions have been pushed down to the lower income individuals even more now...